Odd Lots

Affirm's Max Levchin Breaks Down How Buy Now, Pay Later Really Works

December 5, 2025·53 min·6-min readinterviewbusiness
Podzilla Summary (6 min)
TLDR
Max Levchin, PayPal co-founder and CEO of Affirm, built the buy now, pay later (BNPL) company as a direct response to his own negative credit card experiences, aiming to eliminate the misaligned incentives and hidden costs that plague traditional lending. Affirm’s model—no late fees, no c

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Guest

M

Max Levchin

interview on Odd Lots

Mentions

Books, people, and resources mentioned in this episode.

People

Max Levchin

Companies

AffirmPayPalKlarna

Products & Tools

Affirm CardAI

Topics

Artificial IntelligenceBusiness ModelsEntrepreneurshipFintechStartupsVenture Capital

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